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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?


To: WR61499 who wrote (1095)11/3/1999 12:16:00 PM
From: Edwin S. Fujinaka  Respond to of 4686
 
The Coastal Caribbean Web Site has just started posting the current news in a timely fashion. I appreciate that they are finally beginning to attempt to keep us shareholders (and others) informed. They should also try to have someone in the Office to answer the phone. Apparently the Business Editor of the Panama City News Herald couldn't contact Ware.

It may be that Phil Ware and the Company have decided to ignore the Press and the General Public because the Press is generally hostile. I think that the Company needs to cultivate contacts in the press and try to explain the legal (and moral) positions involved. Personal Property Rights are the Foundation of the Country as clearly stated in the United States Constitution. If the State is permitted to succeed in preventing Coastal Petroleum from using their lease rights (via drilling for oil or gas) and if the State does not pay "just compensation", the rights and freedom of every American are at risk. CCO will win in the end, but Florida is at serious risk if they pursue this to the bitter end without some sort of negotiated settlement. The State's behavior so far has been shameless.